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September 2021 – Spectraa Real Estate Advisory

Monthly Archives: September 2021

Lapsed projects in Maharashtra can be extended after hearing – ET Realty

Lapsed projects in Maharashtra can be extended after hearing – ET Realty The authority recently put out a list of 3,371 projects that had expired, and promoters had not applied for extension and not uploaded Form 4, which is the certificate from the architect on completion of the project. MahaRERA has 30,668 registered projects of […]

Realty projects sell out in days over low-interest rate, IT hiring – Business Standard News

Realty projects sell out in days over low-interest rate, IT hiring – Business Standard News Godrej Properties sold record 340 apartments worth Rs 580 crore in the second phase of the Noida project Record low home loan interest rates, strong hiring, and salary growth in the IT sector have led to developers advancing launches to […]

E-registration of properties to commence from Oct 2: Maharashtra revenue minister – ET Realty

E-registration of properties to commence from Oct 2: Maharashtra revenue minister – ET Realty “The registration department is ready with the software and the process will be officially rolled out from October 2. This will be for Rera-registered builders who will be given the software by the department after due checks. PUNE : State revenue […]

Home buyers’ body seeks withdrawal of extended construction timelines – ET Realty

Home buyers’ body seeks withdrawal of extended construction timelines – ET Realty The Forum for People’s Collective Efforts (FPCE) has written to Housing and Urban Affairs Secretary Durga Shanker Mishra, demanding that the Centre should intervene in this matter and direct these three states to roll back their decisions. NEW DELHI: Homebuyers’ body FPCE has strongly objected […]

TDS on Rental Property above Rs 50,000 in India

GST (Goods & Service Tax) GST is applicable only on Commercial Property only if the Landlord/owner comes in the ambit of GST TDS (Tax Deducted at Sources) In order to bring the high rental income group within the ambit of tax, the government in the Budget 2017 inserted a new Section – 194IB. The TDS […]

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